Another bank could be on the brink of collapse

Chuck Zodda and Brendan Hayes wonder if Credit Suisse can survive much longer as the bank tries to win back confidence as the stock slumps. Retail sales fell 0.4% last month as Americans spent less at auto dealers and restaurants. The collapse of SVB threatens to further besmirch the reputation of Jerome Powell. West Texas Intermediate crude fell below $70 per barrel for the first time since late 2021.